Calgary still the place to be for new developments

Despite a dip in the economy, Calgary is still a sought-after destination for developers, say industry experts.

"There's a western resiliency and an entrepreneurial spirit that [Calgary] rolls with it and looks for a brighter day in the future," said Christopher Wein, president of Toronto's Great Gulf Residential, which has submitted a development application to the City to develop a two-tower condo development in the East Village at 304 Macleod Trail S.E. across from the Harry Hayes Building.

Developer Shape Properties has released renderings and a video on Deerfoot Mall's transformation to Deerfoot City.

"Deerfoot City will be unique to suburban Calgary, and will meet the growing demand from leading retailers and restaurants looking for creative new places with a vibrant, rich social experience and urban feel that differentiates them from traditional malls," said Darren Kwiatkowski, executive vice-president of Shape Properties.